They can barely raise cash to keep the lights on, only 2 qtrs of funding left, yet they think they are going to be able to buy additional businesses. Delusional.
It’s baffling they are scaling down North America distribution just due to shipping costs when that was a big money earner. Just ship over a bulk load of product on a ship and be done with it, it’s not that expensive. The Australian market is pretty tiny so we won’t see a gigantic jump in revenue like we could get from North America or Asia
costs are still through the roof and aren’t going down much. They will need another CR within the next qtr as revenue isn’t even close to breaking even for them
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